Northwest Indiana Discussion

that liar is twisting numbers.

Really? LOL Why are you the only genius on the planet who's claiming that Barry is lying?

Happy Days are Here Again in Obamaville?
Raw Jobs Numbers Tell Very Different Story

RUSH: So all you people that are finding jobs out there, isn't it great, isn't it fabulous? Everywhere you look people are getting hired. You can see it in the unemployment number. Why, do you know we created seasonally adjusted 200-some-odd-thousand jobs? Do you know what the raw number is? From the Bureau of Labor Statistics' own table, the raw number, before there's any seasonal adjustment, the raw number is that from December to January, we lost two million jobs.

Don't ask me about seasonal adjustment. I've been trying to figure this out all morning, and I can't. But the raw numbers, 130 million jobs in December, 128 million jobs in January, give or take a couple hundred thousand either side. But when the seasonal adjustments take place, there is a gain of 200, whatever they're reporting, 33,000 jobs. Now, what's happening is the labor force is shrinking. There are fewer jobs. Even the Drive-Bys, so excited, they can't wait to report the good news, but even they are reporting that the labor force participation rate, number of jobs out there, is continuing to dwindle, and most of the jobs being created are low wage.

But none of that's gonna matter. None of it's gonna matter. I don't want to be an "I told you so," but way back last year, even recently toward the end of last year, this being an election year, I predicted. But you knew. You knew what was gonna happen when this year started. You knew that the statistics are that no president has ever been reelected when the unemployment rate's over 8%. So guess what it's gonna be by the time we get to Election Day? It's just that simple.

http://www.rushlimbaugh.com/daily/2012/ ... rent_story

11.5% unemployment
Daily Mail, by Don Surber

The new employment numbers are out and they show that unemployment fell to 8.3% in January. Woo-hoo. We added “243,000″ jobs, right?

Not exactly.

From Zero Hedge:

“In January, the number of Part Time workers rose by 699K, the most ever, from 27,040K to 27,739K, the third highest number in the history of this series. How about Full time jobs? They went from 113,765 to 113,845. An 80K increase. So the epic January number of 141.6 million employed, which rose by 847K at the headline level: only about 10 % of that was full time jobs: surely an indicator of the resurgent US economy… in which employers can’t even afford to give their workers full time employee benefits.”

I am not that pessimistic. From little acorns, oak trees grow. But this also may reflect a reluctance to add full-time staff that gets you in Obamacare trouble. If Obamacare gets the Supreme Court Seal of Approval, look for employees to be replaced by private contractors throughout the USA to avoid an expensive mandate.

That said, Zero Hedge laid out the case in another post for putting the unemployment rate at a more realistic 11.5%.[color=#BF0000][/b] [b]The participation rate has dropped to a 30-year low. [/color]

http://blogs.dailymail.com/donsurber/archives/50933

[/b]Unemployment rate falls to 8.3 percent in January after hiring burst

“The upturn in permits and starts in recent months has been consistent with the surge in the ... survey of homebuilders, which has surprised the markets to the upside for five straight months,” said Ian Shepherdson, chief United States economist at High Frequency Economics. “The new home sales numbers have not yet responded, but builders seem confident that if they build, buyers will come.”

More bad news for deranged Obama haters:
U.S. Jobless Claims Are Lowest Since 2008